Sony Shuts Down Computer Business, Predicts a $1.1 Billion Loss

Sony Electronics is shutting down its computer business and as it predicates a massive loss of $1.1 billion for the fiscal year 2014.
It was a shocking revelation by the company, which predicated a profit of $294 million for the fiscal year three month ago.
After giving up on PCs, Sony will now refocus on the its TV division on high-end units.
This will be the fifth time in six years that Sony will be posting a net loss.